$1,350,000
1118 Palm ST San Luis Obispo, CA 93401
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$1,350,000
Est. payment /mo
0.28 Acres Lot
Price Dropped by $100K
1118 Palm ST San Luis Obispo, CA 93401
UPDATED:
10/30/2024 03:05 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC24218713
HOA Y/N No
Year Built 1898
Lot Size 0.275 Acres
Property Description
Welcome to 1118 Palm Street in San Luis Obispo, CA! This exceptional property offers a rare opportunity to own a prime piece of downtown real estate, set on an expansive 12,000 square-foot lot. Situated in the versatile Office Zone, this property is ideal for a variety of uses, from a sophisticated office space to a charming residence, or even a combination of both. You may also explore the development of additional homes or apartments in the large area behind the existing home. The property boasts elegant architectural features including large windows, soaring 11-foot ceilings, and distinctive rooflines that enhance its functionality and historic charm. Brass door handles, Douglas Fir floors, artistic lighting fixtures, and a grand fireplace add a touch of quality and uniqueness you won’t find in newer construction. The property includes a kitchen area, two bathrooms, and a separate walk in shower room. Elevated above street level, the property provides stunning views of the surrounding mountains and downtown San Luis Obispo. At the rear, you’ll find a serene sitting area and a large parking lot with 8 onsite spaces. The expansive attic, accessible via staircase, offers ample storage space with the potential to convert into additional office or living areas. Whether you envision creating a Downtown SLO estate with gardens, guest units, and a detached garage/shop, or improving a premium office space, this property presents a unique opportunity. The seller has developed conceptual plans for additional housing units - please inquire for more information. Discover the potential of Palm Street and imagine the possibilities for this remarkable property in the heart of San Luis Obispo.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Zoning Office
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Closet
Exterior
Fence Wood
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Present Use Commercial
Total Parking Spaces 8
Building
Lot Description Landscaped, Yard
Story 2
Water Public
Others
Tax ID 002325008
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Erik Berg-Johansen • Richardson Sotheby's International Realty • 805-538-1828
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